$85 is the close to long-term shorts and the trigger to targets above $100 source: stockcharts.com
BABA still lacks the necessary strength to get over the bottoming “W” formation. source: stockcharts.com
ALIBABA shares trying to breakout but Friday’s candle was indeed disappointing. source: stockcharts.com
Alibaba shares need a close above $85 to active the “bullish W” formation. Now at profit-taking resistance after the recent rally.
ALIBABA shares trading close to the descending triangle apex. $83 is the first level of resistance. BABA (6 months) Chart: http://www.stockcharts.com Petros Steriotis
ALIBABA shares floating around record lows. Major downtrend line @ $84 (see graph) may be tested before future direction becomes clear. There is no indication of a reversal yet. Bearish. BABA (1 year) Chart courtesy of http://www.stockcharts.com Please read the Disclaimer!